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Dec 12, 2012
12/12
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guys, we had all the heavy hitters here today, talking the fiscal cliff and that low interest rate environment. and actually this morning, the ceo of goldman sachs actually just went ahead and called it a bond bubble. too many companies borrowing too long-term and those cheap rates. very interesting comment. and this afternoon, some private eck by can i titans piggy backed that, talking about what the costs mean for the u.s. government especially when it is negotiating the fiscal cliff. >> you should really get an aggressive deal done, because it's for sure clear you're going to have an upward move in interest rates and when it does, we'll be in the same soup again. >> right now, we're spending about $250 billion more or less on interest. if we had normalized interest rates, what you normally would think at this kind of period of time, post-recession, we would be spending $600 billion a year for interest, given how much we're borrowing. we're not spending that much because interest rates are so low. >> so, rubenstein saying we'll incur those prices at a later date, but another said it will pay
guys, we had all the heavy hitters here today, talking the fiscal cliff and that low interest rate environment. and actually this morning, the ceo of goldman sachs actually just went ahead and called it a bond bubble. too many companies borrowing too long-term and those cheap rates. very interesting comment. and this afternoon, some private eck by can i titans piggy backed that, talking about what the costs mean for the u.s. government especially when it is negotiating the fiscal cliff....
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Dec 13, 2012
12/12
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this was built in a growth environment, but the company needs to adjust the structure to the crisis in europe. europe is the main problem for europe because if you look at the global face, danone was able to positive 1.1% for the first three months of the year excludeing europe. at the same time in europe, it was 0.6% contraction. that's a problem for danone, the economic crisis in europe. the company is facing increasing pressure from some of its shareholders include nelson phelps. he believes that the share price of danone has a significant growth potential, something like 60% over the next two years. which is much higher than the current share price where at 51 euros this morning. danone is trying to save 200 million euros. that's the only number we really know for sure at the moment and that's the main response to the pressure from its shareholders. over to you. >> thanks very much. staying with france for just a second, the finance minister is commenting about the agreement that the euro group reached on the banking up. it's integrity is good for the agreement and as we focus on g
this was built in a growth environment, but the company needs to adjust the structure to the crisis in europe. europe is the main problem for europe because if you look at the global face, danone was able to positive 1.1% for the first three months of the year excludeing europe. at the same time in europe, it was 0.6% contraction. that's a problem for danone, the economic crisis in europe. the company is facing increasing pressure from some of its shareholders include nelson phelps. he believes...
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Dec 7, 2012
12/12
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this bank could do really well in an environment of rising interest rates, but the fed has made it very clear that rates will stay low until at least 2015. so you know what? let's take a pass on that one. let's do some tweets. thank you, viewers, for making it so that i have more than 600,000 followers. thank you very much. happened just the other day. let's take our first tweet from @nfalex who says what's your take on -- it's the old part of kraft. the stock price has been trading down sinced the old spinoff. it drives me crazy when stephanie link and i buy for the charitable trust. the charitable trust follows stocks. you can follow along with actionalertsplus.com. and they don't immediately pop. this is the p.m. of philip morris when altria split. it's the fast-growing snacks business overseas, it's going to be great. now here's the problem. it acts terribly. so wa you can say is therefore it's bad or you can do the homework like we did, recognize we've got a terrific restructuring, recognize it's going to have great growth, and you buy it and be a little patient. it is not going to
this bank could do really well in an environment of rising interest rates, but the fed has made it very clear that rates will stay low until at least 2015. so you know what? let's take a pass on that one. let's do some tweets. thank you, viewers, for making it so that i have more than 600,000 followers. thank you very much. happened just the other day. let's take our first tweet from @nfalex who says what's your take on -- it's the old part of kraft. the stock price has been trading down sinced...
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Dec 5, 2012
12/12
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. >> you know what, i think the environment, as you look out to next year, is really difficult, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the eurozone itself, we seem to be mending the problems progressively and taking out the tail risks, which i think is good and that is the bottom line that investors should take going further forward, but at the same time, there are some elements that you can have. if you do a forecast, in a way you could come up with something like 1% quotes for next year, but at the same time, you have to be conscious that we've had such a battery of downside impact, downside negative news coming through really for all economists in the western world in the last few years. you have to be very cognizant of those. >> i think so.
. >> you know what, i think the environment, as you look out to next year, is really difficult, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the...
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Dec 6, 2012
12/12
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still a difficult operating environment. under the former chancellor's plan, we would have been borrowing less in the next three years. because the government has failed to get our economy growing and because the policies have pushed us into recent double dip recession, they'll be pr rowing 212 billion pounds more than they planned. put that in context, that is the equivalent of what we in the uk will be spending this financial year on health, transport and defense in aggregate. >> you were talking quite rightly about the low level of he have credit growth in the uk, which has obviously been a feature of this period. but there's a question of what's cause and what's effect there. the banks will tell you that that problem is not so much availability of credit, there's credit demand and even in the mortgage sector which under normal circumstances you might have been eager to see people borrow money. we're seeing net repayments for the first time for a very, very long time. so you can take the economy to water, but you can't ma
still a difficult operating environment. under the former chancellor's plan, we would have been borrowing less in the next three years. because the government has failed to get our economy growing and because the policies have pushed us into recent double dip recession, they'll be pr rowing 212 billion pounds more than they planned. put that in context, that is the equivalent of what we in the uk will be spending this financial year on health, transport and defense in aggregate. >> you...
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Dec 11, 2012
12/12
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is it an awful environment? maybe it isn't. >> actually it starts with endowment funds thinking about the long term. and when we look at the long term, i would say we're more optimistic, particularly about the u.s., than the current kind of thatter. a lot of secular things going on that make the u.s. look like a better place to invest for employer issues such as the shale oil, shale gas. >> right. >> issues such as better competitiveness with china. and so we're optimistic about the long-term. we have to get over this short-term problem, and i think -- >> do you advise clients -- you've put money with cliff for example. he used to be a private equity guy. what is your split between how you see private equity and how you see the world hedge fund? >> we continue to be a big proponent of private equity. if you look among our clients we typically have something like 8% to 10% in private equity and another 5% or 6% in venture. we're big proponents of that. what we liked about what cliff has done is they've taken a pr
is it an awful environment? maybe it isn't. >> actually it starts with endowment funds thinking about the long term. and when we look at the long term, i would say we're more optimistic, particularly about the u.s., than the current kind of thatter. a lot of secular things going on that make the u.s. look like a better place to invest for employer issues such as the shale oil, shale gas. >> right. >> issues such as better competitiveness with china. and so we're optimistic...
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Dec 5, 2012
12/12
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environment ministers from around the world are rolling up their sleeves in doha, qatar, to address the challenges they share. they have rising greenhouse gas emissions, ice sheets melting rapidly and a warming planet. ban ki-moon urged them to speeds up negotiations on climate change. >> delegates are deadlocked over finances, developing nations are calling on trializ liindustrial countries to stop global warning. a delegate from the pacific island nation of palau says financial support to protect the lives of people there is indispensable. >> we don't have the resources, and we are also being threatened by climate change. financing is part of our survival. we need finances to survive. >> the delegates are running up against a deadline, the conference scheduled to end on friday. now, the ministers come to the table with competing interests. they come from nations with a range of environmental and economic challenges. nhk world has morerom doha. >> the meeting taking place this year in the oil rich qatar has entered the final stretch. delegates are making the final appeals. >> doha must
environment ministers from around the world are rolling up their sleeves in doha, qatar, to address the challenges they share. they have rising greenhouse gas emissions, ice sheets melting rapidly and a warming planet. ban ki-moon urged them to speeds up negotiations on climate change. >> delegates are deadlocked over finances, developing nations are calling on trializ liindustrial countries to stop global warning. a delegate from the pacific island nation of palau says financial support...
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Dec 7, 2012
12/12
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and they have a role in maintaining the peaceful global security environment. if the issue is that they're not part of that global security environment, then i think we have to be concerned about that. >> so -- [inaudible] >> well, i think we're, we're hopeful that they're part of the security environment, and we're doing everything we can possible with our, with the chinese at least on the mil to mil to try to bring them into the security environment in a way that's already fairly mature globally, in a way that they are productive part of that environment. >> [inaudible] >> mike gibbons from the times. admiral, since the strategy was changed to focus efforts towards your area of the world, what would you say are the most important capabilities you've actually been able to add to pacific command than what you had before? >> well, i'd like to note we've only been at the rebalance publicly for less than a year, so strategies often take time to be able to gets a sets and policies in place. but i think the most important thing was what we did at the beginning was t
and they have a role in maintaining the peaceful global security environment. if the issue is that they're not part of that global security environment, then i think we have to be concerned about that. >> so -- [inaudible] >> well, i think we're, we're hopeful that they're part of the security environment, and we're doing everything we can possible with our, with the chinese at least on the mil to mil to try to bring them into the security environment in a way that's already fairly...
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Dec 12, 2012
12/12
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i think american corporations have done a terrific job of coping with a tough regulatory environment, a tough financial. the aftermath of this financial crisis. a lot of negative publicity. and made a lot of money. >> we want to rise above. do we not have a debt ceiling right after that? >> the debt ceiling. the interesting question whether they're going to roll -- >> here's what i think. we haven't talked about this. so i say president obama allows us to go over the cliff temporarily so that all the rates go up. then the democrats introduce a bill to lower it for 9 %, do some other stiff -- 98%, do some other stuff they want to do. then the republicans say fine but we've got to hold the debt ceiling, that's the next bargaining chip. i don't think we can use rides above for the debt ceiling because we don't want to rise above the debt ceiling. we have to come one new buttons -- >> pins, the whole thing. yeah. that is a dilemma. what a polemic -- >> constantino is cutting me off. you're going to hold that against me? all right. >> you can hear the voice in my head. >> yeah. he's mad be
i think american corporations have done a terrific job of coping with a tough regulatory environment, a tough financial. the aftermath of this financial crisis. a lot of negative publicity. and made a lot of money. >> we want to rise above. do we not have a debt ceiling right after that? >> the debt ceiling. the interesting question whether they're going to roll -- >> here's what i think. we haven't talked about this. so i say president obama allows us to go over the cliff...
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Dec 12, 2012
12/12
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if the opposition does win, i think you will see a move toward a poor -- a more investment-friendly environment which, in my view, rusty, will see bonds continue their downward trend. and you could see a new equilibrium in terms of bond yields. closer to peers, ukraine, mongolia, even nigeria which are yielding between 4% and 6%. you have to remember that venezuela has been in double-digit yield territory over the past ten years. precisely because of these distortionary policies and the nationalization from the chavez regime. a move toward opening the oil market, possibly joint ventures which is what the opposition has been talking about, in investment in the oil market would be a net positive. and i think would push venezuelan yield down to around the 4.5%, 5.5% arena. >> okay. following developments out of miami from baltic capital markets. >>> as the year draws to a close, twitter has made loggers log in, tweet, and re-tweet in 2010. the most re-tweeted, president obama's four more years after winning re-election last month, accompanied by a picture of him embracing first lady michelle obama
if the opposition does win, i think you will see a move toward a poor -- a more investment-friendly environment which, in my view, rusty, will see bonds continue their downward trend. and you could see a new equilibrium in terms of bond yields. closer to peers, ukraine, mongolia, even nigeria which are yielding between 4% and 6%. you have to remember that venezuela has been in double-digit yield territory over the past ten years. precisely because of these distortionary policies and the...
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Dec 6, 2012
12/12
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. >> is it possible to ever get back to that in this environment? >> it is. you have a lot of problems with the piece. >> do you briyou believe if you rote deficit -- two different ways. you either keep the government that you have and pay for it by raising taxes, or you kind of leave taxes where they are and you shrink government down to where it pays for it. does it matter for the future and for growth which way you do it in your view? >> it does. if you put it all into like a tightening, so how much tightening occurs in the economy that would slow the economy, it's far better to actually reduce government spending than it is to actually raise taxes. >> although that hurts the economy, too. >> everything hurts the economy. so it's a question of which is most -- or least harmful and that tends to be cutting government spending. >> but i do think it's -- >> although tim geithner would disagree with me. >> one side wants to keep the government and entitlements like we have it. and the other side wants to take away all the excess government -- >> i think both s
. >> is it possible to ever get back to that in this environment? >> it is. you have a lot of problems with the piece. >> do you briyou believe if you rote deficit -- two different ways. you either keep the government that you have and pay for it by raising taxes, or you kind of leave taxes where they are and you shrink government down to where it pays for it. does it matter for the future and for growth which way you do it in your view? >> it does. if you put it all...
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Dec 10, 2012
12/12
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., what they want to see is a stable environment to put that money to work. if we can get that capital into the u.s. that will be a stimulus program by itself. >> frits, we pending on how you look at the numbers there are peel who say these two proposals aren't that far off. if you look at the numbers on each side and maybe try to find some common ground in the middle, maybe get to $1.2 trillion, where do you go on spending cuts is the big question because that seems to be a little easier. do you think this needs to be a three to one when it comes to revenue versus revenue increase or three to one when it comes to spending cuts versus revenue increases? do you see one to one, what would make you feel good looking around the globe and looking at what -- >> i'm not a tax expert so i can't give you a precise ratio. what we need to do is see a program where, if you look at reasonable numbers, you could see that the debt-to-gdp ratio comes down over time. as we go from $16 trillion, as we cross that 100% mark, we start looking more and more like countries in europ
., what they want to see is a stable environment to put that money to work. if we can get that capital into the u.s. that will be a stimulus program by itself. >> frits, we pending on how you look at the numbers there are peel who say these two proposals aren't that far off. if you look at the numbers on each side and maybe try to find some common ground in the middle, maybe get to $1.2 trillion, where do you go on spending cuts is the big question because that seems to be a little...
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Dec 8, 2012
12/12
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they have a role in maintaining the peaceful, global security environment. if the issue is that they are not part of that global security environment, then i think we have to be concerned about it. >> [inaudible] >> i think we're hopeful they are part of the environment, and we are doing everything possible to bring them into the security environment in the way that's already fairly matured globally in a way that they are a productive part of that environment. >> [inaudible] >> from the times, admiral, since the strategy was changed to refocus effort towards your area of the world, way would you say are the most important capabilities you've actually been able to add to command than what you have before? >> well, i'd like to know we've only been at the rebalance, you know, publicly for less than a year so strategies often take time to be able to get assets and policies in place. the most important thing was what we did in the beginning was the fact that we looked at the world, a post afghanistan, you know, area, and we said as we reshape the force for the fu
they have a role in maintaining the peaceful, global security environment. if the issue is that they are not part of that global security environment, then i think we have to be concerned about it. >> [inaudible] >> i think we're hopeful they are part of the environment, and we are doing everything possible to bring them into the security environment in the way that's already fairly matured globally in a way that they are a productive part of that environment. >> [inaudible]...
SFGTV2: San Francisco Government Television
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Dec 5, 2012
12/12
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one is stories from the field, if you will, people's experiences in working in international environments to help promote humanitarian missions. fleet week got involved with a humanitarian mission back in october in the earthquake in van, turkey. there's a heavy kurdish in san francisco and the ... better recover from their event and how to better prepare in the future from the katz traufk event that had taken place would not occur. we got a phone call at the fleet week association to ask if we could help bring together some resources and leet a fact-finding mission and we did that. one of our panelists is up here, second from your left, rob dudgeon, he's with the department of emergency management and he's the director of emergency services. rob's organization has been instrumental in creating the program that we have from back in 2010 all the way through to today and i know in the future we're already talking about putting together a hot wash of everything we've learned through 2012's fleet week. so rob is going to talk about the van, turkey mission. from turkey we have rear admiral gue
one is stories from the field, if you will, people's experiences in working in international environments to help promote humanitarian missions. fleet week got involved with a humanitarian mission back in october in the earthquake in van, turkey. there's a heavy kurdish in san francisco and the ... better recover from their event and how to better prepare in the future from the katz traufk event that had taken place would not occur. we got a phone call at the fleet week association to ask if we...
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Dec 7, 2012
12/12
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i will say, however, that the value of doing it now in a low interest rate environment is substantially larger on these new loans for two reasons. the lower the interest rate, the faster the amortization of the principal and therefore this will be a more valuable change. second because these loans are so low interest rate, they will be on our books far larger. frankly, not many loans in the past have hit that limit. so even though it's $1 trillion portfolio, the value of that change is quite small for the old loans. it's really going to be quite valuable for these newer very low interest rate loans. >> i'll be briefly two more questions. i see that f.h.a. is now making loans to people who three years ago were foreclosed upon. and that's a very different standard than even exists at fannie and freddie. i don't understand. why are you doing that? >> this is another area where we are working on changes. here's the issue. we have a significant number of homeowners that were responsible homeowners, had good credit scores that lost their jobs in the biggest economic crisis this country has fa
i will say, however, that the value of doing it now in a low interest rate environment is substantially larger on these new loans for two reasons. the lower the interest rate, the faster the amortization of the principal and therefore this will be a more valuable change. second because these loans are so low interest rate, they will be on our books far larger. frankly, not many loans in the past have hit that limit. so even though it's $1 trillion portfolio, the value of that change is quite...
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Dec 9, 2012
12/12
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this is often the production environment. a local product type of south asia cigarette. a hurricane in 2009 wiped out a large swath of southeastern ban gal and the land owners came in and said we will rebuild your home but in exchange for that you have to do this. so they don't get a wage they get a roof. this is a raw tobaccos going into the hands of children. ing a culture is another one. often seasonal contracts they will go between agriculture and carpets dependsing to season. because of the seasonal jumping around and entering into these bondage agreements these are voluntary so i don't know if they count as slavery or forced labor. stone breaking is another big one that has been going on for generations and generations it feeds in the construction industry. they were subject of the second supreme court case on bonded labor in india. 1983 case, someone brought a claim under the bonded labor act in india which was passed in 1976. i went to the same one three decades later and many of the same conditions still exist even though the support of india issued an indictmen
this is often the production environment. a local product type of south asia cigarette. a hurricane in 2009 wiped out a large swath of southeastern ban gal and the land owners came in and said we will rebuild your home but in exchange for that you have to do this. so they don't get a wage they get a roof. this is a raw tobaccos going into the hands of children. ing a culture is another one. often seasonal contracts they will go between agriculture and carpets dependsing to season. because of...
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Dec 9, 2012
12/12
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this is often the production environment. a local product, many people and this carries for hurricane iris lot and into a 2009 wiped out bangladesh. the land of ours came in and said, we will rebuild your home but you have to start selling this work. they get a roof. you can imagine with the impact of that would be. agriculture is another big one. often sizzle contracts. people will go back to between that and bricks. some said, this of voluntary agreements, but as 0 a process of agreement so i did not know if it counts as slavery. stockbroking is another big one that has been going on for generations. this feeds into the construction industry. a 1983 case, somebody brought a claim under the bonded labor that was passed of the tournament in 86, i went to the same month predicted the elector and many of the conditions still exist. the contemporary manifestation of a labor, it has become less a system of lifetime servitude the -- you can find that one. it is less a system about today than it was a in of the past. it is now is a
this is often the production environment. a local product, many people and this carries for hurricane iris lot and into a 2009 wiped out bangladesh. the land of ours came in and said, we will rebuild your home but you have to start selling this work. they get a roof. you can imagine with the impact of that would be. agriculture is another big one. often sizzle contracts. people will go back to between that and bricks. some said, this of voluntary agreements, but as 0 a process of agreement so i...
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kind of motivation was to abolish a law in which you could not play musical instruments in the dorm environment. and we were successful in getting rid of that rule. so the club ceased to exist. but it was really fun being part of that and i met some good friends through it. and, um, and yeah. >> jimmy: his parents just jumped off a bridge. this institute for marijuana research is obviously getting a lot of attention and admission is competitive. to get into school, you have to fail a lot of very rigorous drug tests. as far as preparing kids for the future, if you're a student looking to get a job right out of college, it does look like a good school to put on your list. >> stuck in a dead-end job? would you like to be? then, apply now to the humboldt institute for interdisciplinary marijuana research and prepare yourself for a low pressure career in such exciting fields as dog walking, snowboard rental, pizza delivery, occupying watt street, dressing up as chewbacca, pipe man for little wayne. party clown. living in a van and selling friendship bracelets. olympic swimming and more. just listen
kind of motivation was to abolish a law in which you could not play musical instruments in the dorm environment. and we were successful in getting rid of that rule. so the club ceased to exist. but it was really fun being part of that and i met some good friends through it. and, um, and yeah. >> jimmy: his parents just jumped off a bridge. this institute for marijuana research is obviously getting a lot of attention and admission is competitive. to get into school, you have to fail a lot...
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Dec 11, 2012
12/12
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CNNW
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and providing an environment that is conducive for business growth. and it has everything to do with the cost of labor, and it has everything to do with rell la , regulation, it has everything to do with the cost of utilities. and we need to be competitive there is 23 other states that are competitive with michigan on business growth. this will grow jobs and give opportunity for union members, non-union members, folks to relocate to michigan, grow our population once again, keep our young people here after they graduate college, so a whole host of issues here that are affected by a positive change like this for michigan. which is why there is so much support for this bill. >> sure, those sound like many a positive reason why this is a good thing, but at the same time, you have democrats and they're saying what you're doing here, with this law, is laying the ground work for endless confrontation. do you think that's true, endless confrontation? how do you see this playing out? these people say this is just the beginning. >> there is no place for confro
and providing an environment that is conducive for business growth. and it has everything to do with the cost of labor, and it has everything to do with rell la , regulation, it has everything to do with the cost of utilities. and we need to be competitive there is 23 other states that are competitive with michigan on business growth. this will grow jobs and give opportunity for union members, non-union members, folks to relocate to michigan, grow our population once again, keep our young...
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Dec 12, 2012
12/12
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these images show what it happen to the pteropod shell when the creature's underwater environment is lacking in those compounds and becomes more acidic. that's not good for the pteropods. another study compared pteropods incubated in sea water with today's ph to pteropods incubated in water with the acidity and chemical conditions predicted for the year 2100. the study found a 28% decrease in shell growth. maintaining their shells against that acidity requires energy, energy that would otherwise go into other biologic processes like growth or reproduction. so increasin increasing ocean as an irainternal stress that maket harder for the pteropod to survive. so who cares about the lowly pteropod? well, salmon do. 47% of the diet of some salmon species in the pacific is pteropods. and the salmon fisheries that support coastal jobs and economies care about the salmon. ocean fishing in the u.s. overall is a multibillion-dollar industry connected to hundreds of thousands of livelihoods and we should care about our fisheries industry. , even if you don't care about the salmon or the lowly p
these images show what it happen to the pteropod shell when the creature's underwater environment is lacking in those compounds and becomes more acidic. that's not good for the pteropods. another study compared pteropods incubated in sea water with today's ph to pteropods incubated in water with the acidity and chemical conditions predicted for the year 2100. the study found a 28% decrease in shell growth. maintaining their shells against that acidity requires energy, energy that would...
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Dec 8, 2012
12/12
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question, can we afford to wait, on the other hand, can we afford not to wait, to allow the political environment to be more conducive to a successful military intervention and to allow the process of force generation to proceed, which does take time to train, equip, and develop a source for its employees. so in a sense we have few choices but to allow those processes to unfold, clearly we're concerned that it takes time to do so but i think we have a sense of moving forward with -- as rapidly as feeze, as rapidly as the circumstances will allow us to do so, recognizing the tremendous leadership that the african partners have already shown both in terms of political dynamics and the initiatives that are supporting this planning process at present. >> thank you. senator isaacson? >> i have just one question. ms. dory. if, as secretary carson said, military discontent with the government support was a major contributing factor to the coup, then the military will be a major contributor -- contributing factor to how successful an election is going to be. in your testimony you say there's a sunogo is
question, can we afford to wait, on the other hand, can we afford not to wait, to allow the political environment to be more conducive to a successful military intervention and to allow the process of force generation to proceed, which does take time to train, equip, and develop a source for its employees. so in a sense we have few choices but to allow those processes to unfold, clearly we're concerned that it takes time to do so but i think we have a sense of moving forward with -- as rapidly...
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we're liking inflationary environment down the road. this is bad news. >> you could could make the argument invite blowing past short term helpful, long term payne full. melissa: spending cuts, tax hikes are very dramatic going over the cliff. when you look at numbers, still is like five to one raising taxes to cutting spending. >> that's right. melissa: no one is really talking about cutting spending. isn't that the first thing you would do? if your fiscal house was in such disarray, household at home, first thing you do is stop spending. no one is doing that. >> what scares me, is that point. whether you agree or disagree hiking taxes i am not a fan of it but i think it will come. we can get past this. charlie gasparino and i have argued this. one of the consequences of the election the president will probably get his way raising most rates. melissa: right. >> i'm not saying i'm a fan. let's get past that, let's make it happen. republicans realize you lost election you didn't suddenly lose your backbone. this should be precursor getti
we're liking inflationary environment down the road. this is bad news. >> you could could make the argument invite blowing past short term helpful, long term payne full. melissa: spending cuts, tax hikes are very dramatic going over the cliff. when you look at numbers, still is like five to one raising taxes to cutting spending. >> that's right. melissa: no one is really talking about cutting spending. isn't that the first thing you would do? if your fiscal house was in such...
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national intelligence council global trends report takes into account fax tores like globalization and environment. europe, japan and russia are expected to continue declining economically. >>> standard charter reached at 327 dal million settlement with u.s. regulators for hiding the identity of iranian customers involved in dollar clearing transactions. the nearly three-year-investigation discovered criminal activity dating back to 2001. >>> boeing finalized a order for turkish airlines for 15, 777 extended range planes. the largest deal by value in turkish airline history. melissa: so is global warming to blame for hurricane sandy, right? former vice president al gore thinks so and blames president obama for not doing enough to fix it. >> it is causing these extreme weather events. dirty energy causes dirty weather. and we have to come to our senses and do something about it. i deeply respect our president. i'm grateful for the steps that he has taken but we can not have four more years of mentioning this occasionally and saying it's too bad that the congress can't act. melissa: but then, colora
national intelligence council global trends report takes into account fax tores like globalization and environment. europe, japan and russia are expected to continue declining economically. >>> standard charter reached at 327 dal million settlement with u.s. regulators for hiding the identity of iranian customers involved in dollar clearing transactions. the nearly three-year-investigation discovered criminal activity dating back to 2001. >>> boeing finalized a order for...
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they're very concerned about how that creates an economic environment that puts them at risk. but they immediately move, in terms of taking care of the basics of issues, they didn't do things that have much more mean, much more mean to them and focus around jobs, growth, getting more disposable income into that household. so you see on the one level at the abstract level, debt, deficit, fiscal cliff. there's an immediate transition been to the to do list, which is what they would like to see effort. finally, and interestingly with all of this battering that people have taken during this last few years of difficult economy, we gave voters, we will go through this question in detail, but we gave voters a choice. short term, solutions to fix the problem, our long-term visionary policies that will put us on the right track? interestingly enough at this point people are thinking longer-term. part of that restored optimism is different for different groups, but generally speaking people are looking for longer horizons. just quickly, the mood of the country, you see the track, the re
they're very concerned about how that creates an economic environment that puts them at risk. but they immediately move, in terms of taking care of the basics of issues, they didn't do things that have much more mean, much more mean to them and focus around jobs, growth, getting more disposable income into that household. so you see on the one level at the abstract level, debt, deficit, fiscal cliff. there's an immediate transition been to the to do list, which is what they would like to see...
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missile type of activity somewhere down the road and destablizing impact that will have on the security environment throughout the region, not just on the peninsula. >> reporter: the state department says it will go along with south korea and japan to the united nations security council to demand tighter sanctions against north korea if this launch does go forward. martha: molly, thank you very much. bill: from one hot spot to another, we'll show you a live look in cairo. the number of protesters massing outside the presidential palace growing by the hour. now getting word that president obama has called egyptian president mohammed morsi, voicing, quote, deep concern over what's happening in the streets there with the violence and reports of several killed this week. david lee miller watching this live at our middle east bureau in jerusalem. president morsi, he spoke to the people of egypt late yesterday. did that do anything to calm this, david? >> reporter: you know arguably, bill, that speech only made the situation worse yesterday. the opposition didn't like what they heard. you're looking at a
missile type of activity somewhere down the road and destablizing impact that will have on the security environment throughout the region, not just on the peninsula. >> reporter: the state department says it will go along with south korea and japan to the united nations security council to demand tighter sanctions against north korea if this launch does go forward. martha: molly, thank you very much. bill: from one hot spot to another, we'll show you a live look in cairo. the number of...
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i believe in protecting the environment. i live in florida, the most beautiful state in the country in my humble opinion. these things i have always believed in. education, ethics, the environment, protecting the economy, and fighting for people. >> let's focus on taxes for a moment. in the fiscal cliff debate, tax is a big part of that. where do you stand on that if you are anti tax? >> anti tax, but not anti common sense. it's obvious to me what the president is trying to do is the right thing to do. sometimes you have to have revenue in order to fill the hole. that's what president obama is trying to do and he's right on the mark. i support what he's doing. we have to watch spending too. common sense is really what i think americans want and what they believe in. what i believe in. and i think when you apply common sense to any issues, we can have common ground and move forward as a nation, do what's right and have a better future for all of us. >> governor crist, margaret hoover here. what you are saying sounds great, bu
i believe in protecting the environment. i live in florida, the most beautiful state in the country in my humble opinion. these things i have always believed in. education, ethics, the environment, protecting the economy, and fighting for people. >> let's focus on taxes for a moment. in the fiscal cliff debate, tax is a big part of that. where do you stand on that if you are anti tax? >> anti tax, but not anti common sense. it's obvious to me what the president is trying to do is...
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in that environment, commonplace is essential. it -- if you go through the last campaign, it is not that big of an area. compromise is required. give-and-take -- people have to accept some things they do not like as part of a larger agreement. i would say getting a comprehensive agreement now that resolve's many of these issues would at least reduce the constant threat of government shutdown. that is why this is so important going forward. >> i would remind everybody we have threats of government shut down in the past -- the famous showdown with newt gingrich and clinton. when you have divided government, you have clashes of major philosophical difference. the key is being able to have an element of compromise as part of that process. that is exactly the place we are in right now, trying to find that point. >> the best model for all of you who are working so hard on this may well be speilberg's movie about lincoln. lincoln made deals. you know what, he achieved great, great goals. it goes to the point you are making -- politicians
in that environment, commonplace is essential. it -- if you go through the last campaign, it is not that big of an area. compromise is required. give-and-take -- people have to accept some things they do not like as part of a larger agreement. i would say getting a comprehensive agreement now that resolve's many of these issues would at least reduce the constant threat of government shutdown. that is why this is so important going forward. >> i would remind everybody we have threats of...